ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Stock Code: 000011, 200011 Stock Name: PRD, PRD-B Announcement No. 2022-42
SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT
(GROUP) LTD.
THIRD QUARTERLY REPORT 2022
ShenZhen Properties & Resources Development (Group) Ltd. (hereinafter referred to as the
“Company”) and all the members of the Company’s Board of Directors hereby guarantee
that the contents of this Report are true, accurate and complete and free of any
misrepresentations, misleading statements or material omissions.
Important Notes:
1. The Board of Directors, the Supervisory Committee as well as the directors, supervisors and senior management of the Company
hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading
statements or material omissions, and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative, head of financial affairs, and head of the financial department (equivalent to financial
manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete.
3. Indicate whether the financial statements in this Report have been audited by an independent auditor.
□Yes No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate whether there is any retrospectively restated datum in the table below.
Yes □ No
Reason for any retrospectively adjustment or restatement
Business combination under the same control
YoY YoY
Q3 2021 Q1-Q3 Q1-Q3 2021
Q3 2022 change (%) change (%)
2022
Before Restated Restated Before Restated Restated
Operating
1,151,996,1 640,625,54 745,824,35 3,140,295,9 3,181,490,6 3,452,609,99
revenue 54.46% -9.05%
(RMB) 54.28 8.94 6.12 94.52 88.19 4.42
Net profit
attributable
to the listed 204,943,06 98,290,796. 97,155,145. 455,745,22 774,666,32 774,622,211.
110.94% -41.17%
company’s 4.95 67 07 2.66 0.42 49
shareholder
s (RMB)
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Net profit
attributable
to the listed
company’s
shareholder 185,140,02 97,412,536. 95,307,664. 441,790,63 767,271,02 764,505,560.
94.26% -42.21%
s before 4.51 02 94 5.56 7.23 70
exceptional
gains and
losses
(RMB)
Net cash
generated
from/used - - -
in - - - - 40,194,271. 543,010,57 540,441,502. 92.56%
operating 40 8.00 09
activities
(RMB)
Basic
earnings
per share 0.3439 0.1649 0.1630 110.98% 0.7647 1.2998 1.2997 -41.16%
(RMB/shar
e)
Diluted
earnings
per share 0.3439 0.1649 0.1630 110.98% 0.7647 1.2998 1.2997 -41.16%
(RMB/shar
e)
Weighted
average
4.83% 2.34% 2.26% 2.58% 10.35% 19.47% 18.92% -8.57%
return on
equity (%)
31 December 2021 YoY change (%)
30 September 2022
Before Restated Restated
Total assets
14,989,808,984.10 14,581,897,151.76 14,828,989,745.60 1.08%
(RMB)
Equity
attributable
to the listed
4,325,396,497.62 4,486,110,790.39 4,583,266,959.57 -5.63%
company’s
shareholder
s (RMB)
(II) Exceptional Gains and Losses
Applicable □ Not applicable
Unit: RMB
Item Q3 2022 Q1-Q3 2022 Note
Gain or loss on disposal of non-current
assets (inclusive of impairment 1,309.18 -40,143.31
allowance write-offs)
Government grants through profit or
loss (exclusive of government grants Job retention and training
continuously given in the Company’s
676,661.15 1,791,835.55 subsidy and anti-pandemic
ordinary course of business at fixed
quotas or amounts as per the subsidy received
government’s policies and standards)
Capital occupation charges on non-
financial enterprises that are charged to 37,183.08 -63,411.87
current gains and losses
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Current gains and losses on The gains and losses were
subsidiaries acquired through business adjusted according to the
16,594,112.22 9,660,510.88
mergers under same control from audit report on profit and loss
period-beginning to merger dates, net in the transitional period
Gain or loss on fair-value changes in
held-for-trading financial assets and
liabilities & investment income from
disposal of held-for-trading financial
assets and liabilities, and available-for- 117,082.19 117,082.19
sale financial assets (exclusive of
effective portion of hedges that arise in
the Company’s ordinary course of
business)
Non-operating income and expense Penalty, confiscatory and
3,337,764.75 4,466,246.37
other than the above liquidated damages income
Less: Income tax effects 1,072,882.86 1,627,870.78
The amount affected was
Non-controlling interests effects adjusted according to the
(net of tax) -111,810.73 349,661.93
audit report on profit and loss
in the transitional period
Total 19,803,040.44 13,954,587.10 --
Other items that meet the definition of exceptional gain/loss:
□Applicable Not applicable
No such cases in the Reporting Period.
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement
No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□Applicable Not applicable
No such cases in the Reporting Period.
(III) Changes in Key Financial Statement Line Items and Explanation of why
Applicable □ Not applicable
1. Monetary assets stood at RMB1,382,884,488.62 as at 30 September 2022, down 39.37% compared to 1 January 2022, primarily
driven by the payment for land.
2. Accounts receivable (net) stood at RMB419,831,334.90 as at 30 September 2022, up 42.23% compared to 1 January 2022,
primarily driven by the increased property management charges that were receivable.
3. Other non-current assets stood at RMB2,750,873.08 as at 30 September 2022, down 93.96% compared to 1 January 2022,
primarily driven by the transfer of prepayments for acquisition of equity investments to long-term equity investments upon the
transfer of the ownership of the acquiree.
4. Advances from customers stood at RMB5,115,670.44 as at 30 September 2022, up 36.62% compared to 1 January 2022,
primarily driven by the increased rental advances received.
5. Contract liabilities stood at RMB627,585,735.60 as at 30 September 2022, down 54.25% compared to 1 January 2022, primarily
driven by operating revenue carryforwards.
6. Other payables stood at RMB1,430,587,443.31 as at 30 September 2022, up 39.21% compared to 1 January 2022, primarily
driven by the receipt of cooperation funds from the partner of the Yangzhou Wuhe project.
7. Other current liabilities stood at RMB51,463,595.08 as at 30 September 2022, down 33.47% compared to 1 January 2022,
primarily driven by the decreased differences between prices and taxable amounts with respect to contract liabilities.
8. Selling expense stood at RMB22,161,928.56 during Q1~Q3 2022, down 42.62% compared to Q1~Q3 2021, primarily driven by
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
the decreased sales promotion and agent expense.
9. R&D expense stood at RMB4,159,726.32 during Q1~Q3 2022, up 737.69% compared to Q1~Q3 2021, primarily driven by the
R&D expense incurred in September 2021 when the Company acquired FMC.
10. Interest income stood at RMB17,085,421.82 during Q1~Q3 2022, down 72.79% compared to Q1~Q3 2021, primarily driven
by the decreased monetary assets.
11. Asset impairment loss stood at RMB753,565.10 during Q1~Q3 2022, up 5213.83% compared to Q1~Q3 2021, primarily
driven by the increased inventory valuation allowances.
12. Credit impairment loss stood at RMB14,254,357.26 during Q1~Q3 2022, up 107.02% compared to Q1~Q3 2021, primarily
driven by the increased allowances for doubtful accounts.
13. Other income stood at RMB11,919,911.57 during Q1~Q3 2022, up 108.44% compared to Q1~Q3 2021, primarily driven by
the increased government grants and tax and levy rebates.
14. Return on investment stood at RMB613,652.55 during Q1~Q3 2022, down 85.37% compared to Q1~Q3 2021, primarily
driven by the decreased net profits of joint ventures.
15. Non-operating income stood at RMB6,728,363.44 during Q1~Q3 2022, down 48.94% compared to Q1~Q3 2021, primarily
driven by the receipt of demolition compensation during Q1~Q3 2021.
16. Changes in the fair value of other equity investments stood at RMB-108,308.41 during Q1~Q3 2022, down 169.85% compared
to Q1~Q3 2021, primarily driven by fair value changes.
17. Differences arising from the translation of foreign currency-denominated financial statements stood at RMB-810,990.20 during
Q1~Q3 2022, down 46.51% compared to Q1~Q3 2021, primarily driven by exchange rate fluctuations.
18. Net cash generated from/used in operating activities stood at RMB-40,194,271.40 during Q1~Q3 2022, representing an
increase of RMB471,184,755.20 compared to RMB-511,379,026.60 during Q1~Q3 2021, primarily driven by the payment of taxes
and levies during Q1~Q3 2021.
19. Net cash generated from/used in investing activities stood at RMB-282,571,107.19 during Q1~Q3 2022, representing a
decrease of RMB265,400,808.81 compared to RMB-17,170,298.38 during Q1~Q3 2021, primarily driven by the payment for
equity acquisition.
20. Net cash generated from/used in financing activities stood at RMB-273,052,032.11 during Q1~Q3 2022, representing an
increase of RMB139,273,099.51 compared to RMB-412,325,131.62 during Q1~Q3 2021, primarily driven by the additional bank
loans.
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of ordinary shareholders Number of preferred shareholders with resumed
46,944 0
at the period-end voting rights at the period-end (if any)
Top 10 shareholders
Sharehold Shares in pledge, marked
Nature of ing Total shares Restricted or frozen
Name of shareholder
shareholder percentag held shares held
Status Shares
e
Shenzhen Investment State-owned
Holdings Corporation corporation 50.57% 301,414,637 3,326
Shenzhen State-Owned Domestic non- 6.38% 38,037,890 0
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Equity Operation and state-owned legal
Management Co., Ltd. person
China Orient Asset State-owned legal
Management Co., Ltd. person 2.77% 16,491,402 0
Domestic natural
Duan Shaoteng 0.29% 1,755,565 0
person
Shenzhen Duty-Free Domestic non-
Commodity Enterprises state-owned legal 0.29% 1,730,300 1,730,300
Co., Ltd. person
Domestic natural
Yang Yaochu 0.26% 1,570,384 0
person
Domestic natural
Li Xinyi 0.25% 1,500,000 0
person
Industrial and Commercial
Bank of China Limited－
Southern China Securities
Other 0.22% 1,329,734 0
Full Index Real Estate
Trading Open-ended Index
Securities Investment Fund
Domestic natural
Wu Wenkai 0.22% 1,305,000 0
person
Domestic natural
Mai Furong 0.21% 1,230,596 0
person
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted shares held
Class Shares
RMB-denominated
Shenzhen Investment Holdings Corporation 301,411,311 301,411,311
ordinary stock
Shenzhen State-Owned Equity Operation and RMB-denominated
38,037,890 38,037,890
Management Co., Ltd. ordinary stock
RMB-denominated
China Orient Asset Management Co., Ltd. 16,491,402 16,491,402
ordinary stock
RMB-denominated
Duan Shaoteng 1,755,565 1,755,565
ordinary stock
Domestically listed
Yang Yaochu 1,570,384 1,570,384
foreign stock
RMB-denominated
Li Xinyi 1,500,000 1,500,000
ordinary stock
Industrial and Commercial Bank of China
Limited－Southern China Securities Full Index RMB-denominated
1,329,734 ordinary stock 1,329,734
Real Estate Trading Open-ended Index Securities
Investment Fund
RMB-denominated
Wu Wenkai 1,305,000 1,305,000
ordinary stock
Domestically listed
Mai Furong 1,230,596 1,230,596
foreign stock
RMB-denominated
He Simo 1,011,750 ordinary stock 1,011,750
The first largest shareholder, Shenzhen Investment Holding
Corporation, is the actual controlling shareholder of the Company and
Related or acting-in-concert parties among the
Shenzhen State-Owned Equity Operation and Management Co., Ltd.
shareholders above
And the Company does not know whether there are related parties or
acting-in-concert parties among the other 8 shareholders.
Top 10 ordinary shareholders involved in securities
N/A
margin trading (if any)
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□Applicable Not applicable
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
III Other Significant Events
Applicable □ Not applicable
1. Change of directors, supervisors and senior management: Mr. Dai Xianhua, the Chairman of the Supervisory Committee and
Shareholder Supervisor of the Company, applied for resignation from the positions of Chairman of the Supervisory Committee and
supervisor for reaching the statutory retirement age. He no longer works for the Company upon the resignation. According to the
Company’s Articles of Association, the Company held the Seventh Meeting of the Tenth Supervisory Committee and the First
Extraordinary General Meeting of Shareholders of 2022 as well as the Eighth Meeting of the Tenth Supervisory Committee
respectively on 4 July 2022 and 20 July 2022, where Mr. Ma Hongtao was elected as the Shareholder Supervisor and Chairman of
the Tenth Supervisory Committee, whose term of office shall begin when the relevant proposal was passed at the general meeting
of shareholders and expire upon expiration of the term of office of the Tenth Supervisory Committee. For details, see the
Announcement on Proposed Change of Supervisor of the Company (Announcement No.: 2022-29) and Announcement on Election
of Chairman of the Supervisory Committee (Announcement No.: 2022-33) disclosed by the Company on Cninfo
(www.cninfo.com.cn) respectively on 5 July 2022 and 21 July 2022.
2. Progress on related-party transactions: During the Reporting Period, the audit of profits and losses during the transitional period
was completed and all the rest of the equity transfer payments were made according to the audit results for acquisition by
Shenzhen International Trade Center Property Management Co., Ltd. (a wholly-owned subsidiary of the Company) of 100%
equity in Shenzhen Property Management Co., Ltd., Shenzhen Shenfubao Property Development Co., Ltd., Shenzhen Shenfubao
Hydropower Municipal Service Co., Ltd., Shenzhen Free Trade Zone Security Service Co., Ltd. and Shenzhen Foreign Trade
Property Management Co., Ltd. As such, all these related-party transactions have been officially concluded. For details, see the
Announcement on Completion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Three Enterprises Owned by
Shenzhen Shenfubao (Group) Co., Ltd. and Relevant Related-party Transaction (Announcement No.: 2022-39), Announcement on
Completion of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Foreign Trade Property Management
Co., Ltd. and Relevant Related-party Transaction (Announcement No.: 2022-40), and Announcement on Completion of
Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Property Management Co., Ltd. and Relevant Related-
party Transaction (Announcement No.: 2022-41) disclosed by the Company on Cninfo (www.cninfo.com.cn) respectively on 26
September 2022, 28 September 2022 and 30 September 2022.
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by ShenZhen Properties & Resources Development (Group) Ltd.
Unit: RMB
Item 30 September 2022 1 January 2022
Current assets:
Monetary assets 1,382,884,488.62 2,280,822,559.38
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets
Derivative financial assets
Notes receivable 0.00 200,000.00
Accounts receivable 419,831,334.90 295,184,881.92
Receivables financing
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Prepayments 52,196,551.47 70,979,023.99
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract reserve
Other receivables 633,694,705.90 925,088,673.88
Including: Interest receivable 0.00 292,279.16
Dividends receivable 0.00 0.00
Financial assets purchased under resale
agreements
Inventories 10,333,640,762.38 9,125,134,062.27
Contract assets 490,185.85
Assets held for sale
Current portion of non-current assets
Other current assets 66,675,479.22 58,996,984.81
Total current assets 12,889,413,508.34 12,756,406,186.25
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables 22,998,509.89 23,831,889.11
Long-term equity investments 50,981,826.86 50,360,681.37
Investments in other equity
925,029.89 1,002,551.95
instruments
Other non-current financial assets
Investment property 449,083,596.86 452,419,511.17
Fixed assets 85,593,602.42 114,155,590.40
Construction in progress
Productive living assets
Oil and gas assets
Right-of-use assets 66,768,561.03 71,472,680.73
Intangible assets 1,306,762.42 1,753,389.33
Development costs
Goodwill 9,446,847.38 9,446,847.38
Long-term prepaid expense 22,248,217.25 22,751,829.74
Deferred income tax assets 1,388,291,648.68 1,279,816,590.32
Other non-current assets 2,750,873.08 45,571,997.85
Total non-current assets 2,100,395,475.76 2,072,583,559.35
Total assets 14,989,808,984.10 14,828,989,745.60
Current liabilities:
Short-term borrowings
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable 277,917,212.95 351,831,212.23
Advances from customers 5,115,670.44 3,744,582.25
Contract liabilities 627,585,735.60 1,371,850,725.60
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of securities
Payables for underwriting of securities
Employee benefits payable 183,144,831.49 230,618,067.23
Taxes and levies payable 3,955,911,459.81 3,316,590,190.34
Other payables 1,430,587,443.31 1,027,613,690.94
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Including: Interest payable 0.00 0.00
Dividends payable 12,202,676.04 17,542,675.98
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities 89,246,778.50 83,924,701.83
Other current liabilities 51,463,595.08 77,355,792.16
Total current liabilities 6,620,972,727.18 6,463,528,962.58
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 3,779,015,668.00 3,524,500,000.00
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 78,640,386.25 83,081,182.89
Long-term payables 0.00 0.00
Long-term employee benefits payable 0.00 0.00
Provisions 1,014,838.19 1,425,490.50
Deferred income 0.00 0.00
Deferred income tax liabilities 239,383.87 307,853.79
Other non-current liabilities 131,730,718.46 126,059,683.08
Total non-current liabilities 3,990,640,994.77 3,735,374,210.26
Total liabilities 10,611,613,721.95 10,198,903,172.84
Owners’ equity:
Share capital 595,979,092.00 595,979,092.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserves 80,488,045.38 146,986,167.70
Less: Treasury stock 0.00 0.00
Other comprehensive income -9,093,952.27 -8,174,653.66
Specific reserve
Surplus reserves 29,637,548.47 47,574,940.18
General reserve
Retained earnings 3,628,385,764.04 3,800,901,413.35
Total equity attributable to owners of the
Company as the parent 4,325,396,497.62 4,583,266,959.57
Non-controlling interests 52,798,764.53 46,819,613.19
Total owners’ equity 4,378,195,262.15 4,630,086,572.76
Total liabilities and owners’ equity 14,989,808,984.10 14,828,989,745.60
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Revenues 3,140,295,994.52 3,452,609,994.42
Including: Operating revenue 3,140,295,994.52 3,452,609,994.42
Interest income
Insurance premium income
Fee and commission
income
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
2. Costs and expenses 2,533,140,929.95 2,484,792,938.37
Including: Cost of sales 1,571,679,030.25 1,336,176,009.43
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
dividends
Reinsurance premium
expense
Taxes and levies 686,903,783.64 936,393,345.11
Selling expense 22,161,928.56 38,621,060.15
Administrative expense 210,271,281.59 179,466,271.85
Development costs 4,159,726.32 496,572.17
Finance costs 37,965,179.59 -6,360,320.34
Including: Interest
expense 54,523,243.45 54,703,527.86
Interest income -17,085,421.82 -62,789,311.07
Add: Other income 11,919,911.57 5,718,525.26
Return on investment (“-” for loss) 613,652.55 4,195,903.17
Including: Share of profit or loss
621,145.49 4,070,956.16
of joint ventures and associates
Income from the derecognition
of financial assets at amortized cost (“-”
for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
for loss) 117,082.19 161,985.26
Credit impairment loss (“-” for
-14,254,357.26 -6,885,600.31
loss)
Asset impairment loss (“-” for
-753,565.10 14,735.82
loss)
Asset disposal income (“-” for
-40,143.31 0.00
loss)
3. Operating profit (“-” for loss) 604,757,645.21 971,022,605.25
Add: Non-operating income 6,728,363.44 13,178,294.26
Less: Non-operating expense 2,262,117.07 2,880,194.43
4. Gross profit (“-” for loss) 609,223,891.58 981,320,705.08
Less: Income tax expense 165,259,517.59 218,229,442.85
5. Net profit (“-” for net loss) 443,964,373.99 763,091,262.23
5.1 By operating continuity
5.1.1 Net profit from continuing
443,964,373.99 763,091,262.23
operations (“-” for net loss)
5.1.2 Net profit from discontinued
0.00 0.00
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
shareholders of the Company as the 455,745,222.66 774,622,211.49
parent (“-” for net loss)
5.2.2 Net profit attributable to non-
controlling interests (“-” for net loss) -11,780,848.67 -11,530,949.26
6. Other comprehensive income, net of
-919,298.61 -398,495.47
tax
Attributable to owners of the
-919,298.61 -398,495.47
Company as the parent
6.1 Items that will not be
-108,308.41 155,048.91
reclassified to profit or loss
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
6.1.1 Changes caused by
remeasurements on defined benefit 0.00 0.00
schemes
6.1.2 Other comprehensive
income that will not be reclassified to 0.00 0.00
profit or loss under the equity method
6.1.3 Changes in the fair value of
-108,308.41 155,048.91
investments in other equity instruments
6.1.4 Changes in the fair value
0.00 0.00
arising from changes in own credit risk
6.1.5 Other 0.00 0.00
6.2 Items that will be reclassified to
profit or loss -810,990.20 -553,544.38
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign currency- -810,990.20 -553,544.38
denominated financial statements
6.2.7 Other
Attributable to non-controlling
interests 0.00 0.00
7. Total comprehensive income 443,045,075.38 762,692,766.76
7.1 Attributable to owners of the
454,825,924.05 774,223,716.02
Company as the parent
7.2 Attributable to non-controlling
-11,780,848.67 -11,530,949.26
interests
8. Earnings per share
8.1 Basic earnings per share 0.7647 1.2997
8.2 Diluted earnings per share 0.7647 1.2997
Where business combinations under common control occurred in the current period, the net profit achieved by the acquirees before
the combinations was RMB9,660,510.88, with the amount for the same period of last year being RMB-44,108.93.
Legal representative: Liu Shengxiang Head of financial affairs: Cai Lili
Head of the financial department: Liu Qiang
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2022 Q1~Q3 2021
1. Cash flows from operating activities:
Proceeds from sale of commodities
and rendering of services 2,452,112,485.68 4,372,426,317.67
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
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ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest, fees and commissions received
Net increase in loans from other banks
and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
Tax and levy rebates 10,245,107.61 27,948,289.69
Cash generated from other operating
1,003,380,006.44 345,751,964.01
activities
Subtotal of cash generated from
3,465,737,599.73 4,746,126,571.37
operating activities
Payments for commodities and services 2,080,004,618.42 3,097,884,273.83
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks and
financial institutions
Interest, fees and commissions paid
Policy dividends paid
Cash paid to and for employees 723,775,712.61 669,217,725.93
Taxes and levies paid 481,776,111.23 1,277,016,917.14
Cash used in other operating activities 220,375,428.87 213,386,681.07
Subtotal of cash used in operating
activities 3,505,931,871.13 5,257,505,597.97
Net cash generated from/used in
-40,194,271.40 -511,379,026.60
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment
Return on investment
Net proceeds from the disposal of fixed
assets, intangible assets and other long- 34,519.84 26,112.57
lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
investing activities 34,519.84 26,112.57
Payments for the acquisition of fixed
assets, intangible assets and other long- 11,116,125.41 15,373,747.53
lived assets
Payments for investments 271,489,501.62 1,822,663.42
Net increase in pledged loans granted
Net payments for the acquisition of
subsidiaries and other business units
Cash used in other investing activities
Subtotal of cash used in investing
282,605,627.03 17,196,410.95
activities
Net cash generated from/used in
investing activities -282,571,107.19 -17,170,298.38
3. Cash flows from financing activities:
Capital contributions received 19,760,000.00 2,140,000.00
Including: Capital contributions by
19,760,000.00 2,140,000.00
non-controlling interests to subsidiaries
Borrowings received 286,832,330.00 0.00
11
ShenZhen Properties & Resources Development (Group) Ltd. Third Quarterly Report 2022
Cash generated from other financing
activities
Subtotal of cash generated from
financing activities 306,592,330.00 2,140,000.00
Repayment of borrowings 30,900,000.00 100,000.00
Interest and dividends paid 547,401,912.61 414,365,131.62
Including: Dividends paid by
subsidiaries to non-controlling interests
Cash used in other financing activities 1,342,449.50 0.00
Subtotal of cash used in financing
579,644,362.11 414,465,131.62
activities
Net cash generated from/used in
-273,052,032.11 -412,325,131.62
financing activities
4. Effect of foreign exchange rates
5,698,247.23 -526,623.85
changes on cash and cash equivalents
5. Net increase in cash and cash
-590,119,163.47 -941,401,080.45
equivalents
Add: Cash and cash equivalents,
beginning of the period 1,963,988,756.69 4,295,302,176.70
6. Cash and cash equivalents, end of the
1,373,869,593.22 3,353,901,096.25
period
(II) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.
□Yes No
These financial statements have not been audited by such an auditor.
Board of Directors
Shenzhen Properties & Resources Development (Group) Ltd.
31 October 2022
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